International Holding Company (IHC) reported a 54.4% rise in revenue for 2024, reaching Dh92.8 billion compared to Dh60.1 billion in 2023. The company attributed the growth to strong performance in key sectors, including real estate, construction, and marine and dredging, supported by strategic acquisitions and successful project execution.
Total assets increased by 52% to Dh401.7 billion as of December 2024, reflecting significant investments and portfolio expansion across multiple industries. Total equity rose 55.7% to Dh244.1 billion, further solidifying IHC’s financial standing and its ability to capitalise on high-growth opportunities globally.
Net profit after tax stood at Dh25.5 billion, reflecting an expected adjustment as resources were deployed toward high-impact initiatives and subsidiary expansion. Earnings per share (EPS) was recalibrated to Dh7.08, aligning with IHC’s strategy to focus on value-accretive investments expected to boost long-term shareholder returns.
Looking forward, IHC stated its focus will remain on leveraging its strong balance sheet to drive innovation, enhance operational efficiency, and explore new global opportunities. The company reiterated its role in advancing economic diversification and delivering long-term value to shareholders.
